Home Marketplace Buying & Selling Corvette Today #248: The In’s and Out’s of Financing a Corvette

[PODCAST] Corvette Today #248: The In’s and Out’s of Financing a Corvette

Jan 13, 2025

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[PODCAST] Corvette Today #248: The In's and Out's of Financing a Corvette

Photo Credit: Keith Cornett

Winter is here, and so is Corvette Buying Season. Our friend Steve Garrett – host of the Corvette Today Podcast – will be speaking with Woodside Credit’s Qasim Shirazi about financing automobile purchases and specifically, the Chevrolet Corvette! If you’re considering financing your next Corvette purchase, this is one episode of Corvette Today to listen to!

I don’t know about you, but there are multiple Corvettes I’d love to own. Honestly, I’d love to have one of every generation!

But for me, there is not enough money to go around to purchase a Corvette from every generation. That’s where Woodside Credit comes in.

Qasim Shirazi, the Midwest District Sales Manager joins your CORVETTE TODAY host, Steve Garrett, to explain what’s hot in the Corvette marketplace, what Corvettes hold the best value right now, and when is the best time to purchase a Corvette!

If you’re like me and are looking to purchase a new Corvette for your stable, you’ll want to hear what “Q” has to say on this episode of CORVETTE TODAY!

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Source:
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2 COMMENTS

IPD Jan 14, 2025 At 9:56 am

The short answer is don’t finance liabilities; finance assets. You shouldn’t be paying interest on something depreciating in value.
Raylan Benzl Jan 16, 2025 At 12:19 pm

According to industry experts, the value of a new vehicle drops by about 20% in the first year. Over the next four years, you can expect your car to loose roughly 15% of its value each year-meaning the average vehicle will be worth just 40% of its purchase price after five years.

When calculating depreciation, your starting point should be what the vehicle sold for, not the MSRP. For example, if you knock $5,000 off the sticker price, that will also come off its resale value.

PS Great advise, above.

Many thanks,
Ray